According to a preliminary report from CBRE Vietnam, tourism in Binh Thuan province is still limited in that the supply of hotels is quite modest, especially in the 4-5 star segment.
In the tourism triangle of Khanh Hoa – Lam Dong – Binh Thuan, tourism in Binh Thuan province is famous for the area of Mui Ne – Phan Thiet, Phu Quy island… which is one of the beautiful destinations gathering many resorts. caliber. Regarding the socio-economic situation of Binh Thuan province after 5 years from 2015 to 2020, some highlights can be mentioned below.
Economic situation of Binh Thuan province
According to CBRE statistics and analysis, the GRDP of Binh Thuan province in 2019 achieved an impressive increase of 10.5% in 2019, higher than the common level of southern provinces.
The Industry – Construction and Trade – Services (TM – Service) sectors contribute the most, accounting for 30.6% and 34.2% of the province’s GRDP structure, respectively. The Industry – Construction sector continued to increase its proportion significantly, from 21% to 31% during the review period and especially increased by nearly 5% in 2019 over the same period.
Total retail sales of consumer goods and services in Binh Thuan province in 2019 was VND 58,246 billion, up 11.9% over the same period and reaching a CAGR of 2010 – 2019 of 15.1%/year. In which, accommodation and catering accounted for 23% of the total structure, achieving CAGR 2010-2019 of 16.4%/year.
As can be seen from the chart below, besides commerce, the accommodation sector is one of the potential areas to bring in revenue for Binh Thuan love tourism.
In terms of valid FDI in Vietnam’s localities, accumulated to 2020, Binh Thuan province is currently ranked 25th. In the coming period, Binh Thuan sets a target of strongly developing the renewable energy industry, processing industry associated with advantageous local products (agricultural products, aquatic products) and high-tech agriculture.
These are also the economic pillars of the province promulgated in the socio-economic master plan of Binh Thuan until 2020, vision to 2030, approved by the Prime Minister. In the period of 2020 – 2025, Binh Thuan pays special attention to the field of smart agriculture, applying modern techniques and technologies.
Tourism situation in Binh Thuan province
According to CBRE Vietnam, Binh Thuan is a long-standing resort market and has a fairly close connection from Ho Chi Minh City. HCM. However, the resort market in this area has a rather modest supply, considering the 4-5 star segment. In the future, the tourism potential is still very large with the investment in infrastructure and the participation of many big names of investors.
Regarding the tourist apartment segment (condotel), only the Ocean Vista Resort & Residence Mui Ne project (338 apartments), belongs to the Sea Links Mui Ne resort complex and has been put into operation. Currently, there are about 1,100 tourist villas on the market, but only 315 units of the Sea Links Beach Villa project have been put into operation.
In the future, Binh Thuan province will welcome the Centara Mirage Mui Ne resort villa project (606 villas scale), developed by Novaland Group. This project is expected to come into operation in the third quarter of 2021. The remaining projects are currently under construction.
ViGuide.vn updates its analysis of the tourism market and its potential in the next 10 years in the “quad” of Khanh Hoa, Lam Dong, Ninh Thuan and Binh Thuan. Tourism real estate in the quadrangle of Khanh Hoa, Lam Dong, Ninh Thuan and Binh Thuan is meticulously researched, ordered by Crystal Bay Group for CBRE to execute.The information in the article is quoted from data sources. whether reliable.